Net income jumped 41% to €24.6 million ($30.2 mm) from €17.5 million in the first quarter on revenues that were 6% lower at €623.8 ($766.3 mm) from €664.2 million, pulled down by the strengthening Euro as constant currency sales gained 1%. Gross margin expanded 210 basis points to 46.8%, boosted by an improvement in channel mix and reduced promotional sales. Direct-to-consumer sales increased 17% to €57 million, with own retail up 16%, including +8% same store sales and a 22% gain in e-commerce. Amer noted that about 30% of sales are now to the “modern,” e.g. e-tail, channel.

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